Domestic prices were expected to rise further in August and September, according to market sources.
The European Commission (EC) set preliminary measures in its safeguard case on July 18
, in the form of tariff rate quotas (TRQs) on 23 steel product categories, based on average import volumes over the past three years. Imports will only face a 25% tariff if the quota is exceeded. Imported HRC is included in the product list.
“The mills have been targeting higher prices, and they are likely to achieve a €20-30 [$23-35] per tonne price rise in September,” a Northern European trader said.
“All European mills have very long delivery times and have limited volumes available, so there is...